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Appointment of director


Hello experts,

Section 149 among other things says that not less than two-thirds of the total number of directors of public company shall be appointed by the company in general meeting and the remaining directors in the case of any such company shall, in default of, and subject to any regulations in the articles of the company, also be appointed by the company in general meeting.

My query - Whether the appointment of remaining one third should necessarily happen in GM only or can be named in articles without the need for GM. What does subject to regulations in articles mean here ? Please clarify

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